Shelton CT single family home sales and averages for November 2015 decreased 6% as compared to November 2014 sales.
Listing and closed sales averages both decreased 21% and the median went down 16%.
Inventory again went down 12% which combined with a somewhat static sales rate kept the absorption rate in a SELLER's market statistically at 4.93 months. Translation: it would take 4.93 months to sell off the present inventory of 148 homes.
Going forward, there are 19 homes under deposit and 26 homes pending.
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Shelton CT November 2015 Homes Sold
as recorded in the Greater Fairfield County MLS
Where was the sweet spot for sales in November? The typically popular range ($300K - $400K) shared the top spot with the lower range. With 83% of sales below $400K, the lower averages reflect this concentration of sales.
November 2015 sales took a bit of a dip but still hanging in at year end.
The average sales prices throughout the last year provides buyers and sellers with an even better understanding of Shelton's present and past market. The November sales average ended up being the lowest in the last six months.
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.99 months for the last three months, staying in a sellers market statistically.
This rate is for ALL houses. If you are selling your home, your agent should calculate the absorption rate for your price point to get a more accurate analysis. Some price points favor sellers; others favor buyers.
Thinking of selling? Get a complimentary free market analysis for your Shelton home.
The success in selling your house in Shelton or any other community is dependent upon accurate pricing, effective preparation, calculating the absorption rate for your particular price point, and having a strong online marketing presence.
Contact me for advice on how to list your home effectively in today's market. Get an exceptional marketing plan for your money.
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home.
Related posts:
Shelton CT Market Report Archive
Living in Shelton CT - Real Estate and Homes and Condos for Sale
Date Source: Greater Fairfield County Multiple Listing Service -- December 27, 2015. No representation or warranty is made to the accuracy of this information.
Shelton CT Real Estate Market Report and Homes Sold - November 2015
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